United States/WA: The global esports market is expected to reach a value of US$ 3.73 Bn by 2027 at a CAGR of 20.3% between 2020 and 2027.
Report Pages:[130 Pages]
Major Key Companies Involving in eSports Market:
Activision Blizzard, Inc., NVIDIA Corporation, Valve Corporation, Nintendo of America Inc., Riot Games, Inc., Epic Games, Inc., Tencent Holding Limited, Gameloft SE, Turner Broadcasting System, CJ Corporation and Electronic Arts Inc. and Others
Esports also styled as e-sports are a type of video game sports competition. Competitors from different teams participate in the same game. There is a number of popular games, for which different teams face off such as Fortnite, Counter-Strike, League of Legends, Call of Duty, and others. Esports has gained significant popularity over the years, typically due to the rapid growth of the PC gaming sector. The popularity of esports has increased massively over the years. With the availability of special gaming computers and supporting devices, esports is likely to be gaining significant traction in the near future. With growing popularity, video gaming companies are focused on launching new attractive games, in order to expand their product portfolio and gain a competitive edge in the industry. Recently, in October 2020, An Esports launched its new range of Mid Tower Chassis ICE1-30 AG and ICE-120AG in India. Hence, such factors can augment growth of the esports market.
Another key factor governing the development of this market is rising live streaming of games. There are many live game streaming platforms such as Twitch, Hitbox, Azubu, and YouTube Gaming available that allow people to record themselves playing games to a live audience online. Growing popularity of these platforms has increased the adoption of esports and video games. Thus, such factors can potentially stimulate growth of the esports market. Recently, in May 2021, Lenovo launched new Legion Gaming PCs with new Intel Core processors and high-refresh monitors for enhanced esports experiences.
Request a sample PDF copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/4191
When it comes to regional impact, North America seems to be gaining significant traction in the esports market. This is typically due to the fact that PC gaming is highly popular in the U.S. As a matter of esports is a multimillion-dollar business in the U.S. with the involvement of developers, gamers, leagues, streaming platforms, and TV networks. On the contrary, Asia Pacific is registering robust growth since there is high penetration of mobile gaming and internet usage in the region.
The most common video games associated esports are Counter-Strike, League Legends, Dota, Super Smash Bros, etc. Esports has become significantly popular over the years with the advent of novel gaming consoles, advanced features in PC, and supportive equipment such as headsets. Despite these advantages, certain challenges remain prevalent in the market and can limit its development. For instance, threats from esport gambling and betting platform can impede growth of the esports market. Besides, lack of standardization can limit growth of the esports market in the near future.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
What Sets Coherent Market Insights Apart From the Rest?
Flawless, prompt, and efficient customer support
Accurate representation of knowledge collected from trustworthy secondary and first sources
Addressing over 300 client queries each day
The systematic and methodical market research process
Successfully delivered customized reports to clients from over 60 countries.
In the end, Our business offerings show the latest and the most reliable information crucial for businesses to strengthen a competitive edge. The report then emphasizes on market driving factors, opportunities regulating the market growth, as well as emerging opportunities, potential technical advancements of the eSports Market.
People Also Search For Following Reports:
Virtual Reality in Gaming Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, (2016–2024)
Mobile Gaming Market Report, by Product Type, by End Users and by Geography – Global Industry Insights to (2016-2025)
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com